Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Bright future for Huntly

Bright future for Huntly

As conditions recovered through 2013, the industrial sector has benefited from increased confidence and a low interest rate environment. This momentum is set to continue into 2014 with scarcity of stock becoming a major issue for many buyers. 

Hamilton has seen the rapid development of Te Rapa as a prime location for industrial and commercial operators. It is no accident that this has coincided with the completion of a large section of the Waikato Expressway. Additionally, the pull of being closer to the growth of Auckland as well as the country's largest port, has added to the appeal of the north Hamilton development trend. 

This trend is expected to continue as NZTA works to complete the Waikato Expressway which will mean that locations such as Huntly will be well under an hour's drive from Auckland, making it a daily commute location. 

As a result, developers are focussed on reaching ever further north opening up several locations in the Waikato previously considered back waters. 

According to Statistics New Zealand, between 2011 and 2031, the city of Hamilton is forecast to grow by 40,000 people. This coincides with a dramatic increase in the population for Auckland of 230,000 between 2011 and 2021. 

An opportunity to take advantage of this continued growth has arisen, with Jones Lang LaSalle being appointed to market two Huntly properties, located on the eastern terrace of the Waikato River, number 2 and 6 Great South Road. 

Chris Harding, Commercial Sales and Investment Broker at Jones Lang LaSalle, who is marketing the property says, "The Waikato Expressway is a welcomed improvement to the town of Huntly. The property market in Waikato remains upbeat with the wider economic recovery and the confluence of these trends means a bright future for Huntly. "

The property, a previous concrete batching plant, has now been cleared and provides a vacant parcel of rural zoned land measuring an overall 11,502sqm. The site is bounded by the Waikato River to the west and residential and commercial buildings to the north and south.  The two properties have existing use rights and are located on the eastern side of State Highway 1 just to the North of Huntly Town Centre.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news